Question

The shoes still have a marginal cost of $25. You want to earn a profit, so you charge a price of _____.

$25
$10
$50

Answer 1

You buy some shoes for $25 you want to sell them and get more money than you spent ("Profit") if you sell them for $10, you wasted $15 and only gained $10 back so its not $10 or $25 so its $50